India: UrbanClap raises funding from Ratan Tata

Visual from UrbanClap website

UrbanClap, a mobile-based marketplace for home services, has raised an undislcosed amount of funding from Tata Sons chairman emeritus and prolific investor Ratan Tata.

This is the second round of funding raised by the company within a month. UrbanClap will utilise the funds to expand operations across the country.

In November, the company raised Rs 165 crore in Series B round of funding led by Bessemer Venture Partners alongwith participation of Accel Partners and SAIF Partners.

Ratan Tata has made personal investment in more than one-and-a-half dozen of companies since January this year. Some of its recent investments include companies like Chennai and Singapore-based big data analytics startup Crayon Data, Mumbai-based food-tech startup HolaChef and California-headquartered Sabse Technologies Inc.

Founded by Varun Khaitan, Raghav Chandra and Abhiraj Bhal in October 2014, UrbanClap is a marketplace for finding professional services for household work like plumbers, electricians or house cleaners. For specialised services like photographers, interior designers or yoga instructors, it takes in the customer request and with an automated match-making algorithm gives a choice of sellers to the customer to pick from.

Currently, the startup is offering its services in Delhi NCR, Bangalore, Mumbai, Chennai and Pune, and aims to expand its reach in 25 cities and 100 categories over the next one year. It claims to be serving 5,000 customer requests per day, and with an active seller base of more than 25,000 professionals.

UrbanClap is competing with the likes of Good-Service, Housejoy, LocalOye, Zimmber, TaskbobUrbanPro and Timesaverz in India.

Also Read: Healthcare technologies is next big frontier for investments: Ratan Tata

Ratan Tata invests in funding marketplace LetsVenture, joins advisory board

Decoding Ratan Tata’s investments in Indian startups

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.